M&A Deal Summary

Associated Bank Acquires Bank Mutual

On July 20, 2017, Associated Bank acquired financial services company Bank Mutual for 482M USD

Acquisition Highlights
  • This is Associated Bank’s 9th transaction in the Financial Services sector.
  • This is Associated Bank’s 3rd largest (disclosed) transaction.
  • This is Associated Bank’s 9th transaction in the United States.
  • This is Associated Bank’s 6th transaction in Wisconsin.

M&A Deal Summary
Date 2017-07-20
Target Bank Mutual
Sector Financial Services
Buyer(s) Associated Bank
Deal Type Merger
Deal Value 482M USD
Advisor(s) RBC Capital Markets (Financial)
Quarles & Brady (Legal)

Target

Bank Mutual

Milwaukee, Wisconsin, United States
Bank Mutual Corporation is the third largest financial institution holding company headquartered in the state of Wisconsin based on total assets. Its subsidiary bank operates banking locations in Wisconsin and Minnesota. Bank Mutual Corporation was formed in 1892 and is headquartered in Milwaukee, Wisconsin.

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Buyer(S) 1

Buyer

Associated Bank

Green Bay, Wisconsin, United States
Category Company
Founded 1861
Sector Financial Services
Employees4,070
Revenue 1.1B USD (2023)
DESCRIPTION

Associated Bank offers a full range of traditional banking services and a variety of other financial products and services. Associated Bank was incorporated in 1861 and is based in Green Bay, Wisconsin.

DEAL STATS #
Overall 9 of 14
Sector (Financial Services) 9 of 12
Type (Merger) 1 of 2
State (Wisconsin) 6 of 8
Country (United States) 9 of 13
Year (2017) 1 of 2
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-17 The First National Bank of Hudson

Woodbury, Wisconsin, United States

The First National Bank of Hudson is a community bank with $390 million in assets and eight office locations.The bank has 144 years of experience serving customers in western Wisconsin and eastern Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-08 Whitnell

Oak Brook, Illinois, United States

Whitnell & Co. provides affluent families across the Midwest with a complete set of multi-family office services centered around financial planning, wealth management, and generational wealth transfer. Whitnell was founded in 1988 and is based in Oak Brook, Illinois.

Buy -
Mergr

Product

Company

Legal